Latest Claims Headlines
All the headlines from our Claims Topic Page, ordered by recency.
INSURERS BACK MD. CLAIMS LAW:
Jan 3 2005 // The Property Casualty Insurers Association of America has filed an amicus brief before the Maryland Court of Appeals, urging the court to affirm a lower court decision upholding a law, in existence since 1872, that...
Beleaguered Workers' Comp Lines Seek Captives as a Solution
Jan 3 2005 // With workers’ compensation insurance costs skyrocketing, many companies are considering a captive solution, but industry observers say companies should first consider all alternatives, and if they do decide to set up...
Partnership to Improve Hurricane Preparedness
Jan 3 2005 // Floridians will long remember 2004 as the year of the hurricane. The Atlantic region had 15 named storms, nine of them hurricanes. Of those, four hit Florida in the span of six weeks. Recently, hurricane forecaster William...
Melting Snow, Ice Increase Claims in Ohio, Kentucky, North Carolina
Dec 30 2004 // The Kentucky Insurance Commission estimates damages of from $400,000 to $500,000 in losses due to last week’s winter storms and warmer temperatures this week. An unusual amount of snow and ice, high winds and...
Swiss Re Estimates Tsunami Claims Under $90 Million
Dec 30 2004 // Swiss Re has released a statement indicating that it expects its claims for the tsunamis in the Indian Ocean to be below CHF 100 million ($88.5 million). “On 26 December 2004 near the North of Indonesia, an...
Munich Re Estimates Tsunami Claims Below $136 Million
Dec 29 2004 // Munich Re, the world’s biggest reinsurer, has issued a bulletin concerning possible losses from the tidal waves that struck many countries around the Indian Ocean on Dec. 26, which estimates the company’s...
S&P Sees No Effect on Australian Insurers’ Ratings from Tsunami Losses
Dec 29 2004 // Standard & Poor’s Ratings Services has issued a bulletin stating that it does not expect Australian general insurers to be materially affected by the cost of insurance claims arising from the Indian Ocean...
Crawford & Co. Mobilizes Catastrophe Team To Southeast Asia
Dec 29 2004 // Atlanta-based Crawford & Co., an independent provider of claims management services, has mobilized a catastrophe team in response to the Dec. 26 tsunami that devastated Southeast Asia. The company is an independent...
Class-Action Lawsuit Claims Hix Insurance Misled N.C. Customers
Dec 28 2004 // A class-action lawsuit has been filed in North Carolina’s Guilford Superior Court claiming that Hix Insurance of Greensboro has misled thousands of its North Carolina customers, especially Latinos, into unknowingly...
Multistate UnumProvident Settlement Approved
Dec 23 2004 // At least 40 states have approved a settlement in an investigation of UnumProvident Corp., requiring the disability giant to reconsider about 200,000 claims and pay a $15 million fine, insurance officials involved in the...
Minn. Also Nets $560,000 in Penalties From UnumProvident for Denying Disability Insurance Claims
Dec 23 2004 // The Unum Life Insurance Company of America, Provident Life And Accident Insurance Company, and the Paul Revere Life Insurance Co., all subsidiaries of UnumProvident, have agreed to settle issues regarding claims handling...
Texas to Receive $1M from Multi-State Settlement with Disability Insurers
Dec 22 2004 // The Texas Department of Insurance announced its participation in a nationwide settlement with three disability insurers owned by UnumProvident Corp. over allegations of improper claims handling practices. The settlement...
Mich. DOI Secures Half-Million Dollar Penalty From UnumProvident for Not Paying Disability Claims
Dec 22 2004 // Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters signed a settlement agreement with the three principal insurers of the UnumProvident Group, which are Unum Life Insurance Company of...
Tenn. Commissioner Says Multi-State UnumProvident Settlement Signed
Dec 21 2004 // At least 40 states have ratified landmark multi-state settlement agreements involving three major disability insurance carriers owned by UnumProvident Corp. of Chattanooga, Tenn., insurance regulators announced...
Swiss Re <em>sigma</em> 2004 Catastrophe Estimates: 21,000 Dead; $105 Billion Economic Loss; $42 Billion Insured
Dec 21 2004 // According to preliminary estimates from Swiss Re’s forthcoming sigma report, more than 21,000 people around the world lost their lives as a result of natural and man-made catastrophes in 2004. Economic losses were...
AIG Specialty WC Site Expansion
Dec 20 2004 // AIG Specialty Workers’ Compensation, a division of the property and casualty insurance subsidiaries of American International Group Inc., expanded its “Partners in Productivity” Web site to enable its...
Climate Change Convention Sounds Warnings on Weather and Claims
Dec 17 2004 // The phrase “Climate Change” has taken its place in the world’s lexicon alongside “discrimination,” “colonialism,” “nationalism,” “iron curtain,”...
N.J. Residents Pulled Over in Accident Scam
Dec 16 2004 // New Jersey Attorney General Peter Harvey announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor obtained a State Grand Jury indictment charging five North Jersey residents with...
U.K.’s Amicus Decries Insurers’ Opposition to Asbestos Claims; “Ambulance Chasers”
Dec 14 2004 // Amicus, the U.K.’s largest private sector union, announced it will issue a statement condemning insurers, whom it accuses of “attempting to shirk their responsibility to compensate up to 75 percent of asbestos...
4,000 Businesses In Group Comp Fund Owe $51 Million In Ky. Self-Insurance Claims
Dec 10 2004 // More than 4,000 Kentucky business owners participating in a group workers’ compensation fund have been left holding-the-bag and being billed for $51 million in claims racked up by AIK Comp, a self-insurance plan...
